June 16, 20200Comments

USD for June 16, 2020

On June 15, the EUR / USD pair gained about 70 bps, and thus, started the construction of the intended wavelength to b 4 to C to B. If so, then lowering the tool quotes resumes with the goals, levels arranged approximately 100.0% and 76.4% Fibonacci within wave with a 4 to C to B.

by Jeff Wecker

Forex Analysis

June 15, 20200Comments

Analysis of EUR/USD and GBP/USD for June 15. British GDP and Brexit Pull Down the Pound

On June 12, the EUR/USD pair lost around 40 basis points and continued building the expected wave 4 in C in B. If this is true, then the decline in the instrument's quotes will continue in the direction of the 100.0% and 76.4% Fibonacci levels.

by Jeff Wecker

Forex Analysis

June 12, 20200Comments

Analysis of EUR/USD and GBP/USD for June 12. Fed Accidentally Interfered with Donald Trump; US President Criticizes Fed Again

On June 11, the EUR/USD pair lost about 80 basis points after an unsuccessful attempt to break through the 161.8% Fibonacci level. Thus, the proposed wave 5 in 3 in C in B of the upward trend section is completed and wave 4 in C in B begins to form.

by Jeff Wecker

Forex Analysis

June 11, 20200Comments

Analysis for EUR/USD and GBP/USD on June 11. Fed Expecting Economic Recovery. Forecasts for 2020 Remain Weak.

On June 10, the euro/dollar pair gained about 30 basis points. At the end of the day, it hit the 161.8% Fibonacci level. However, the price failed to break the mentioned level and pulled back from the reached highs.

by Jeff Wecker

Forex Analysis

June 10, 20200Comments

Analysis of EUR/USD and GBP/USD for June 10. No Second Wave of Coronavirus in the US Since it Still Cannot Cope Even With the First

On June 9, the EUR/USD pair gained about 50 basis points and thus resumed the construction of the upward trend section. This morning, about 30 more points were scored.

by Jeff Wecker

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